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The Finnish Pension System and Its Future Challenges

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  • Tarmo Valkonen

    (ETLA Economic Research)

Abstract

A specific feature in the Finnish pension system is rule-based preparation for mortality change. The earned pension capital is adjusted to life expectancy and the lowest age limit of the flexible retirement age will be adapted so that the ratio of expected years in employment and retirement is fixed after year 2030.

Suggested Citation

  • Tarmo Valkonen, 2020. "The Finnish Pension System and Its Future Challenges," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 92-96, March.
    • Handle: RePEc:spr:intere:v:55:y:2020:i:2:d:10.1007_s10272-020-0877-1
    DOI: 10.1007/s10272-020-0877-1
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    References listed on IDEAS

    as
    1. Sanchez-Romero, Miguel & Lee, Ronald D. & Prskawetz, Alexia, 2020. "Redistributive effects of different pension systems when longevity varies by socioeconomic status," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    2. Daron Acemoglu & Claire Lelarge & Pascual Restrepo, 2020. "Competing with Robots: Firm-Level Evidence from France," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 383-388, May.
    3. Hans-Werner Sinn, 2005. "Europe’s Demographic Deficit A Plea For A Child Pension System," De Economist, Springer, vol. 153(1), pages 1-45, December.
    4. Jukka Lassila & Tarmo Valkonen, 2018. "Longevity, Working Lives, And Public Finances," Contemporary Economic Policy, Western Economic Association International, vol. 36(3), pages 467-482, July.
    5. Sanchez-Romero, Miguel & Lee, Ron & Fürnkranz-Prskawetz, Alexia, 2019. "Redistributive effects of different pension structures when longevity varies by socioeconomic status in a general equilibrium setting," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203628, Verein für Socialpolitik / German Economic Association.
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    Cited by:

    1. Mikkel Barslund, 2020. "Pension Systems in the EU — Some Policy Issues," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 69-72, March.
    2. Arto Kovanen, 2022. "Population Dynamics, Macroeconomic Risks, and the Future of Pensions in Finland," Applied Economics and Finance, Redfame publishing, vol. 9(2), pages 21-41, May.
    3. Aris Ananta & Ahmad Irsan A. Moeis & Hendro Try Widianto & Heri Yulianto & Evi Nurvidya Arifin, 2021. "Pension and Active Ageing: Lessons Learned from Civil Servants in Indonesia," Social Sciences, MDPI, vol. 10(11), pages 1-17, November.

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